To all friends who ask if 'now is a good time to buy #Bitcoin ?', I have only 1 thing to say:

Dollar Cost Average. Buy a little bit every week or month.

Even if you end up buying the top, your returns will still be amazing.

Why?

#Bitcoin is designed to go up. Over the next years, new supply decreases (every 'halving'), while demand grows with adoption.

However, as BTC is still relatively small, the money entering or leaving the system can move the price relatively more. This causes large fluctuations.

Due to the large price swings, putting all your money into #Bitcoin at once is extremely risky (if you're not a trader). If you end up buying at the local top, it could take years to make your money back.

However, if you buy a bit every week or month, this risk is much less...

Example:

If you started buying bitcoin at the beginning of this year, you would have paid $9.8k on average for your #Bitcoin . This almost doubled by now.

Even if you started buying when it was $20k, you would have paid only $8k on average!

Starting to stack sats on the very top in 2017, when #Bitcoin was $20k, would have resulted in more than doubling your money, with an annualized return of over 64%(!)

So does it really not matter when you start stacking sats? Nope. Since 2013, the worst timing you could have for starting to buy #Bitcoin monthly would be end of 2017, and still your return to date is 64% per annum.

Bottom line: if you're not a trader and do not know how to time the market, but still want to invest in #Bitcoin , just buy some every week or month. You will still achieve great results, but with much lower risk. Happy stacking!